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What Factors Account for the Broad-Based and Rapid Progress of Science

question 5

Essay

What factors account for the broad-based and rapid progress of science and technology following World War II? Why did this progress not occur sooner?


Definitions:

Accounts Receivable Balance

The overall financial dues that customers owe a business for the receipt of goods or services which are unpaid.

Finance Charges

The cost of borrowing money, including interest and other fees, that a lender charges a borrower for the use of funds.

Accounts Receivable Period

The average number of days it takes a company to collect payment after a sale has been made.

Controller

A senior financial officer responsible for managing a company's accounting operations, including the production of periodic financial reports, maintenance of accounting records, and a comprehensive set of controls and budgets.

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